Cant agree Moon;LNG producer Chevron Australia, which did not pay tax in 2018-19, again failed to trouble the Tax Office despite reporting $12.1 billion in revenue and $169 million in taxable income, in part due to massive write-offs of past infrastructure expenditure.
Fellow energy giant ExxonMobil Australia increased its revenues to $15.5 billion from $13.3 billion in 2018-19. It again did not report any taxable income or tax.
https://www.watoday.com.au/politics/federal/iron-ore-miners-and-bankers-keep-budget-afloat-20211210-p59gh9.html
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